Labour Costs in Latvia decreased to 129.63 points in the third quarter of 2020 from 131.82 points in the second quarter of 2020. source: European Central Bank

Labour Costs in Latvia averaged 75.18 points from 1995 until 2020, reaching an all time high of 132.41 points in the first quarter of 2020 and a record low of 34.64 points in the second quarter of 1995. This page provides - Latvia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Labour Costs - values, historical data and charts - was last updated on March of 2021.

Labour Costs in Latvia is expected to be 103.27 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Latvia to stand at 105.28 in 12 months time. In the long-term, the Latvia Labour Costs is projected to trend around 105.79 points in 2021 and 105.75 points in 2022, according to our econometric models.

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Latvia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
129.63 131.82 132.41 34.64 1995 - 2020 points Quarterly
2010=100, SA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.40 21.30 5.30 percent [+]
Employed Persons 886.00 893.00 1404.00 830.00 Thousand [+]
Unemployed Persons 72612.00 69605.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.20 2.10 10.10 1.20 percent [+]
Youth Unemployment Rate 15.50 15.70 40.90 7.60 percent [+]
Labour Costs 129.63 131.82 132.41 34.64 points [+]
Job Vacancies 20540.00 19753.00 29704.00 1643.00 [+]
Wages 915.00 855.00 915.00 113.00 EUR/Month [+]
Minimum Wages 500.00 430.00 500.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 Million [+]
Retirement Age Women 63.75 63.50 63.75 59.50 [+]
Retirement Age Men 63.75 63.50 63.75 62.00 [+]
Labor Force Participation Rate 70.10 70.10 70.20 59.90 percent [+]
Productivity 119.30 113.30 119.30 40.90 points [+]
Part Time Employment 62.70 68.30 116.00 48.80 Thousand [+]
Employment Change 1.40 -4.20 3.40 -6.70 percent [+]
Employment Rate 63.80 64.30 65.60 50.80 percent [+]
Full Time Employment 786.70 782.60 984.30 720.30 Thousand [+]